Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    983 Ohio Pike Cincinnati, OH 45245-2328
    Back to Search
    Property profile & analytics

    983 Ohio Pike, Cincinnati, OH 45245-2328

    View on Map
    • Gas stations
    • 2,184 SF
    • 2.41 lot acres
    Off-Market
    Last Sale Aug 22, 2023
    $375,000
    Property ID
    US66-2149040
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Gas stations

    Property Details for 983 Ohio Pike

    Year built
    1996
    Construction
    FRAME
    Lot size
    2.41 lot acres
    Property type
    Gas stations
    APN
    41-41-32A-026
    APU
    414132A026

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Aug 22, 2023 $375,000 Pike And Bennett LLC Kana INC Warranty Deed —
    Mar 30, 2005 $575,000 Kana INC Kocolene Marketing LLC Special Warranty Deed $438k · Jpmorgan Chase Bank NA

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Cincinnati
    County
    Clermont
    State
    Ohio
    Longitude
    -84.2651
    Latitude
    39.0584
    CBSA code
    17140
    CBSA name
    CINCINNATI-MIDDLETOWN, OH-KY-IN METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $10,439
    $105,420
    $47,600
    $153,020
    -
    $301,200
    $136,000
    $437,200

    Comparable in this City

    • Value Estimation by Request
      3,140 SF

      735 Ohio Pike

      SERVICE STATION WITH FOOD MART
      735 Ohio Pike, Cincinnati, OH 45245-2131
      View Details
    • Value Estimation by Request
      3,319 SF

      902 Ohio Pike

      SERVICE STATION WITH FOOD MART
      902 Ohio Pike, Cincinnati, OH 45245-2312
      View Details
    • Value Estimation by Request
      3,225 SF

      711 Ohio Pike

      SERVICE STATION WITH FOOD MART
      711 Ohio Pike, Cincinnati, OH 45245-2119
      View Details
    • Value Estimation by Request
      2,500 SF

      1091 Ohio Pike

      SERVICE STATION WITH FOOD MART
      1091 Ohio Pike, Cincinnati, OH 45245-2339
      View Details
    • Value Estimation by Request
      3,222 SF

      861 Eastgate S Dr

      SERVICE STATION WITH FOOD MART
      861 Eastgate S Dr, Cincinnati, OH 45245-1547
      View Details
    • Value Estimation by Request
      1,152 SF

      653 Ohio Pike

      SERVICE STATION WITH FOOD MART
      653 Ohio Pike, Cincinnati, OH 45245-2117
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      11,653 SF

      Former Restaurant/Medical Office on Large Lot

      11,653 SF building on 2.92 acres for sale/lease.
      665 Ohio Pike St Rt 125, Cincinnati, OH 45245
      View Details
    • Contact for pricing

      Land in Prime Cincinnati Location

      Land with frontage and high traffic count in Cincinnati.
      915 Ohio Pike, Cincinnati, OH 45245
      View Details
    • Contact for pricing
      5,954 SF

      Medical Building on Major Thoroughfare

      5,954 SF medical building with expansion potential on 2.87 acres.
      872 Ohio Pike, Cincinnati, OH 45245
      View Details
    • $39,900
      0.39 Acres

      Land in Union Twp, OH

      Building lot in Union Twp with easy access to amenities.
      Clough Pike, Cincinnati, OH 45245
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Eastgate Mall Retail Opportunities

      Retail spaces and commercial land available at Eastgate Mall.
      4601 Eastgate Blvd, Cincinnati, OH 45245
      View Details
    • $15 SF/Yr

      Eastgate Commerce Center Retail Space

      Class B retail space in Eastgate Commerce Center available for rent.
      4440 Glen Este Withamsville Rd, Cincinnati, OH 45245
      View Details
    • Contact for pricing

      Retail Space Inside Meijer Store

      Prime retail opportunity within high-traffic Meijer stores in Midwest.
      888 Eastgate Dr N, Cincinnati, OH 45245
      View Details
    • Contact for pricing
      11,653 SF

      Prime Cincinnati Medical Office Space

      11,653 SF Medical Office For Lease
      665 Ohio Pike State Rte 125, Cincinnati, OH 45245
      View Details
    • Contact for pricing

      Eastgate Commerce Center Retail Space

      Class B retail space available at Eastgate Commerce Center.
      4440 Gln Este-Withamsville Rd, Cincinnati, OH 45245
      View Details
    • Contact for pricing

      Eastgate Crossing Retail Opportunity

      Retail space in high-traffic shopping center, Cincinnati, OH.
      4530 Eastgate Blvd, Cincinnati, OH 45245
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    983 Ohio Pike
    Cincinnati, OH 45245-2328
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    983 Ohio Pike, Cincinnati, OH, 45245
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!